The future of Australian property prices

sptrawler said:

There seems to be a lot more violent crime related articles happening on the East Coast recently, maybe just coincidence, or is it increased stress levels?
Any ASF posters have a more feet on the ground feeling about it, the media can tend to overdo the issues.
Not living over there it is hard to gauge, but reading how high rents and property prices are, it must be hard if not impossible for people who have average paying jobs to survive.

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JohnDe said:

I think Perth is going through the toughest time with housing prices, as a percentage.

Rentals isn’t much better, with Perth and Adelaide having the lowest stock levels in the country.

Property Market Forecast 2024 — House Prices Predictions from Expert

What's the outlook for the Australian property markets for the balance of 2024, and beyond? Property price predictions for Sydney, Melbourne, Brisbane, Perth, Adelaide, etc.

propertyupdate.com.au

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sptrawler said:

Yes there has been a huge amount of East Coast investor buying in W.A, I'm not sure yet how that is going to pan out, it is easy to get tenants here but not so easy to get rent.
Those who have jobs here tend to get into buying a house early, those who don't tend to not have jobs, so it will be interesting to see how the investors fare.
Time will tell, as we say.
W.A is always one of those places that looks like a sure thing, but then goes right off the boil, because no one wants to live here, they would prefer the East Coast.
It's a sell into the boom sort of place, maybe this time it's different, I personally doubt it, mining isn't on an up.

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sptrawler said:

There seems to be a lot more violent crime related articles happening on the East Coast recently, maybe just coincidence, or is it increased stress levels?
Any ASF posters have a more feet on the ground feeling about it, the media can tend to overdo the issues.
Not living over there it is hard to gauge, but reading how high rents and property prices are, it must be hard if not impossible for people who have average paying jobs to survive.

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mullokintyre said:

I just think its because we have more new and exciting crimes over here in the east.
Mick

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mullokintyre said:

I just think its because we have more new and exciting crimes over here in the east.
Mick

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Value Collector said:

For people that like to Travel, WA just seems so remote, even the east coast of Australia is remote but WA is much more so.

My wife said we can live anywhere, but it has to be within 30 mins of an airport with good international connections and close to vegan restaurants so straight away that limits us to Brisbane, Sydney or Melbourne

But even then those cities seem so far away from everything compared to a city like London, from London Europe and the east coast of America are basically on your door step. But from Australia nothing is close

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wayneL said:

Speaking from experience, I would never live anywhere close to where there are lots of vegan restaurants.

YMMV

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againsthegrain said:

Come on aren't you the captain?

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Rental shortfall forcing property investors to sell​

Dowdy said:

excellent article.

The problem with today's market is that people look at the prices and think that's the way things are meant to be. Where there are markets in which higher prices justify higher prices, they always come crashing down

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Prepper Pete said:

Well I couldn't care less about buying a house, I found a pot plant instead
YouTube

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sptrawler said:

Yes there has been a huge amount of East Coast investor buying in W.A, I'm not sure yet how that is going to pan out, it is easy to get tenants here but not so easy to get rent.
Those who have jobs here tend to get into buying a house early, those who don't tend to not have jobs, so it will be interesting to see how the investors fare.
Time will tell, as we say.
W.A is always one of those places that looks like a sure thing, but then goes right off the boil, because no one wants to live here, they would prefer the East Coast.
It's a sell into the boom sort of place, maybe this time it's different, I personally doubt it, mining isn't on an up.

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IFocus said:

Around me (deep south...Wannanup) properties are selling within days seems to be plenty of people either cashed up or are getting finance without any problems I thought the run would have ended by now.

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IFocus said:

Around me (deep south...Wannanup) properties are selling within days seems to be plenty of people either cashed up or are getting finance without any problems I thought the run would have ended by now.

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wayneL said:

I have a client going through a divorce, was thinking of buying the property... 5ac with stables, nice house, spitting distance to Mundaring township.... roughly 1.5m.

The freaking thing sold before I even realised they had listed it.

Have another client in the same situation, property will go on shortly at over 2.5m at Brigadoon. I know the agent well, reckons there is a a queue of buyers and will go within a week.

We are getting notes in a letterbox trying to buy our property on spec. I reckon a couple of these are real estate agents fishing for listings but there is at least one genuine family that would buy our joint in an instant.

Insane.

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IFocus said:

Around me (deep south...Wannanup) properties are selling within days seems to be plenty of people either cashed up or are getting finance without any problems I thought the run would have ended by now.

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